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John Edwards profits from others' misfortune, but is he to blame?

A fascinating article appears [subscription required] on the cover of today's Wall Street Journal discussing the actions of a fund in which politician John Edwards is a large investor. Although I'm not a big John Edwards fan, I need to come to his defense on this issue -- it's simply too low of a blow.

The WSJ criticizes Edwards for the actions of fund managers within Fortress Investment Group (NYSE: FIG), seemingly asserting that Edwards is a hypocrite. Why? Because Fortress profited from people's misfortunes in the subprime collapse while Edwards has discussed his negative opinion of "predatory lenders" in the public eye.

Continue reading John Edwards profits from others' misfortune, but is he to blame?

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Last updated: November 12, 2009: 09:44 AM

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